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Sure. Give me a yell when you are ready and I'll pass on some notes.

I went to a renovation seminar a while ago, there are services like this already that cater for investors and homeowners. I haven't used the service myself. http://www.transformationsau.com.au/about.html

Extremely easy, a lot easier than using a PM. I would only do it in the state I reside in.

My head has been thinking along those lines also. I self-manage three properties which is equivalent to earning about $200/wk. Have you looked into Cert iv in Interior Design? I'm thinking about doing it also, just need a push!! Let me know of you decide to study!